Reference no: EM13724383
1) Choose a topic from Microeconomics that matters to you and find a recent news article covering that topic.
Topic:-
Cost of production- in any industry in Australia where costs of production are an important issue and analyse what is being done in the industry. May be the industry is switching to technology or/and some substitutes have been used to overcome this problem
2) Evaluate the article using Economic concepts. You should include
- The essence of the story (1 to 2 paragraphs): Introduce the issue, who is interested in it and why.
- The economic analysis (3 to 4 paragraphs): Explain how you can present the issue in terms of economic concepts and theories.
- Explain your view (2 to 3 paragraphs): Explain what actions you would recommend to the key players and/or policyholders.
- Explain how the above analysis supports your conclusion (1 to 2 paragraphs).
3) You may provide graphs/charts/diagrams where necessary to enhance your presentation style.
4) You need to attach a copy of the article with your assignment.
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